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The Ohio SREC market is oversupplied, much like its neighboring state of Pennsylvania. Under current market conditions, a substantial number of systems sited in PA and other bordering states look to OH to sell SRECs. This is especially true for systems located in states that do not have their own SREC market. However, since Ohio froze its RPS in 2014, the market has struggled with oversupply and an uncertain future.
For a period of time before January 2011, OH systems were eligible to apply to the DC SREC market. Today, OH-sited systems are only eligible to sell into OH. However, several bordering states are eligible for the OH market.
Prior to the 2014 freeze, OH-sited SRECs sold at a premium to SRECs from facilities in bordering states, due to an in-state/out-of-state distinction that was removed as part of the freeze. SRECTrade will be tracking Ohio as it decides what to do as the expiration of the freeze approaches.
Markets for OH systems
Tracking Registry
Energy Year
Eligible System Locations
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Reaching 0.50% of total electricity generated in 2024.
Systems less than 6 kW must report from a readable meter or inverter showing total production.
Systems over 6 kW must report from a Revenue Grade Meter.
The eligibility start date is based on the month of application submission to the Public Utilities Commission of Ohio (PUCO).
The Solar Alternative Compliance Payment (SACP) is the penalty price that electricity suppliers must pay per SREC if they fail to file the required number of SRECs by the end of each compliance period. The OH SACP is set at $300 per SREC for 2013, declining by $50 bi-annually to a minimum of $50 in 2024.
OH SRECs have a useful life of 5 years (i.e., a 2016 SREC can be counted towards any RPS requirement from 2016-2020).
OH SREC market requirements as currently set by state legislation:
| Energy Year | % Solar Requirement | SACP |
|---|---|---|
| 2009 | 0.004% | $450 |
| 2010 | 0.010% | $400 |
| 2011 | 0.030% | $400 |
| 2012 | 0.060% | $350 |
| 2013 | 0.090% | $350 |
| 2014 | 0.120% | $300 |
| 2015 | 0.120% | $300 |
| 2016 | 0.120% | $300 |
| 2017 | 0.150% | $250 |
| 2018 | 0.180% | $250 |
| 2019 | 0.220% | $200 |
| 2020 | 0.260% | $200 |
| 2021 | 0.300% | $150 |
| 2022 | 0.340% | $150 |
| 2023 | 0.380% | $100 |
| 2024 | 0.420% | $100 |
| 2025 | 0.460% | $50 |
| 2026 | 0.500% | $50 |
| 2027 | 0.500% | $50 |
| 2028 | 0.500% | $50 |
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